that's paulson's focus. i think you raise a good point as well, and if you defend paulson, you'll note this they have been phenomenally successful for some investors, so even in spite of 2011 if you were with them early on, you may be up 500% or more. >> all right. good point. kate, thank you so much. >> drivers aren't the only ones facing higher prices at the pump thanks to tropical storm isaac. diesel, which was already nearing three-month highs could also move even higher. higher prices, what do they mean for road and rail stocks? let's bring in jason seidel. >> the trnts have been sketchy as it is. tell us what you think here in the wake of as we see rising gasoline and particularly diesel prices. >> well, you know, i think the first sector to look at is the truck load sector. that's been under pressure for a while. we've had some lackluster prici pricing. demand has been sluggish, and now diesel is rising as you brought that up. that's been up over 10% quarter to date, and most of the truck load carrier

of course paulson has had a tough year. those two funds, the advantage plus is said to be down 19.5% at the end of july according to an investor in the fund and the advantage fund is set to be down 13%. noi, of course, this is just a small slice of paulson's overall aum which is roughly $21 billion in assets that he does have under management, but it is a bad sign of confidence in paulson's funds as he continues to try and recover from some of thinks investments, brian. >> kayla, very interesting. pulling 500 million out. could paulson's troubles have any effect at all on the precious metals trade? of course we have been loading up big on gold through the gl detf. bk, let's go to you. >> i think on the margin it certainly would have an effect, a positive effect on gl d. we have seen this happen last quarter or at least looks like the money came out the end of last quarter. we have seen gold trade in this range for a couple months now. i would suspect i think now you can see who the seller was. now we have broken out of that

john paulson and george sorros more more of ged in the second quarter. that's the second time paulson has added to his gold position since 009. take a look at shares of gld, that spider trust there, down 0.5% yesterday. you can look at other holdings as well. what i find interesting, though, is that we know how gold underperformed during the first half of this year. i think it's only up 2% year to date. the question for a lot of people, even as they've been talking about why the gold trade hasn't worked, are these investors signaling there could be another leg up? >> i think it never really got below 1500, did it? it looks like -- it will tell you it's looked to build a solid base, right? the point is, it doesn't matter if you believe that orren. people trade on -- >> what's interesting, we can look at the spot gold price there but gold has gotten whacked the last couple of trading sessions. there it is, just below 1600 level. it's basically gone nowhere. you have to -- >> that's the other thing, qe/gold thing don't work. clearly there's been no inflatio

people think paulson does a lot of homework. yesterday there was talk about his deep bench and the fact he does a lot of work around his core ideas. he did during the credit rice is. >> what do you think? >> i got a couple of thoughts. it is a five-year play. i'll lose money for first four years. not lose a little, but lose a lot. wake me up in year five. i'll get in then. number two, number two, you're right, you don't need him to manage gold. if it is just a gold fund, we don't need him. we don't need to pay 2 and 20 and it is not for free because you lost a ton of money. we don't need to pay fees to do something that is just a one directional trade. number three, the caution. he did well in the credit crisis, did extremely well. before that, he did okay. afterwards, he's done terribly. the message is don't chase the hot manager. do your work, look at the long-term tracker and how they have done in all types of markets. >> i wish there was a little bit of strength in his argument. >> thanks, kate. >>> still to come, isaac weak

is this a signal to get in on paulson's back? >> let me say this about golden on a show that's called "fast money," this may sound inflammatory but gold is nothing more than a long-term investment tool. those that tried to trade it, i traded gold futures for many years, what john paulson is doing and others being tactical in the gold trade is the wrong way to play it. i suspect they will be proven wrong. >> we can talk long-term investment ideas on this show all day long. >> think the thing with miners that paulson probably sees, don't forget what his background is. there's a great arm here if you think think there will be a revision. both gold and s&p are up 30%. if you look at gdx, that's actually down close to 15. so you might get this idea that at a certain point this thing has to catch up. the problem with this trade is it hasn't worked yet. number one. number two, underneath it all, these are not leverage plays on gold. they are actually gold at a discount because of how poor management is. they tend to issue shares and hed

paulson was either in the. buying physical one of these two guys or both had been unloading of one point or the fact that they're getting back on is interesting i think also the fact that this coincides with source of speech means that maybe he's going short credit he's going along gold is going short currencies so you know these guys are these guys could potentially these guys can these guys work on the margin so if source is right if this is true as yours is betting on gold and he's right then we're in for a real storm of sorts so the money system where a storm in quotes was going to say something storm a big storm. and i don't know the guy because people believe in time guys so. what we have soros and paulson flight a flowing away on a gold balloon i mean they're pretty much golden and to be true we cannot leave you out there quickly. ok speaking of bleeping out or maybe i don't know breaking take a look at what ended up on live t.v. if you haven't seen it already today ok this is a member of the neo nazi go

paulson was either in the. buying physical one of these two guys or both have been unloading up one point or the fact that they're getting back on is interesting i think also the fact that this coincides with source of speech means that maybe he's going short credit he's going along gold is going short currencies so you know these guys are these guys could potentially these guys can these guys work on the margin so if source is right if this is true as yours is betting on gold and he's right then we're in for a real storm of sorts of a money system where a storm in quotes what was going to say something storm a big storm. and i don't know the guy because people believe in time guys so. what we have soros and paulson flight a flowing away on a gold balloon i mean they're pretty much golden and to make sure we cannot leave you out there quickly. ok speaking of bleeping out or it may be i don't know breaking take a look at what ended up on live t.v. if you haven't seen it already today ok this is a member of the n

paulson was either in the. buying physical one of these two guys or both had been unloading of one point or the fact that they're getting back on is interesting i think also the fact that this coincides with source of speech means that maybe he's going short credit he's going along gold is going short for currencies so you know these guys are these guys could potentially these guys can these guys work on the margin so if source is right if this is true as yours is betting on gold and he's right then we're in for a real storm of sorts so the money system where storm in quotes what was going to say something storm a big storm. and i don't know the guy because people believe in time goes so. well we have soros and paulson fly to flowing away on a gold balloon i mean they're pretty much golden and to make sure we can not leave you out there quickly. ok speaking of bleeping out or maybe i don't know breaking take a look at what ended up on live t.v. if you haven't seen it already today ok this is a member of the neo

it's official anybody that knows me has been telling me paulson it's too hot. i've been working on it. it's been unanimously. westerly wind i should say. not necessarily a breeze. but it's there. 60s to upper 80s and still a few low 90s. temperatures are on their way down here for a couple days it does look a little warmer on friday. the remains of tropical storm hector looks like they want to pay a visit. >> thank you. >>> new details about a burglary at the late steve jobs palo alto home. he told investigators that he hopped a fence and found a hidden key to the home. he's accused of stealing $60,000 worth of computers and personal items. police say they tracked down mcfarland after someone tried to connecting to the internet with the stolen apple products. >>> expect to pay more for delta airlines tickets. they raised twices between $4- $10. so far no other airline has matched that increase but it's the first fare hike since united airlines boosted fees two weeks ago. >>> the price to rent a home in parts of the bay area is going up. apartmentlist.com releas

hank paulson tells them essentially there is no help coming. he should have sold to jpmorgan chase and then it is obvious they have no friends. and is a dire circumstance september 2008. >> host: also whisper campaign against washington. >> jpmorgan & company i get the bank in the spring. jpmorgan does not like to lose. said they were biding their time until they could return with another opportunity. so they met with at to meet and talk with the regulators often about wamu. >> host: we were on the story for different publications this is made up of some much more. tell us about the difficulty of getting to the bottom of these reports they did not just to respond to your freedom of information request. >> no. [laughter] allot of work we did we did well i was a reporter at the business journal. we tried to piece together what had happened in the three weeks before it wamu failed. extremely secret. nobody was talking about it. nobody would talk to us. everything came back completely blacked out. we were so is an odd the only art in the book is th

he gets hank paulson on the phone and hank paulson calls tells them essentially there's no money coming because he should've sold to jpmorgan chase and that is when it becomes obvious that wamu has no friends in washington and that is a dire circumstance to be msu after september 2008. >> there's a campaign in new york against washington. >> jpmorgan did not get the bank in the spring 2008. he's not a bank that likes to lose. he would've not won while mayo in this dream. so there are from the sidelines friday in maritime essentially. they could return and have another opportunity. and so you can take that opportunity to meet with regulators, often about wamu. >> we were both on the story with different publications. i'm a columnist, you're a reporter. but this book is made up of so much more than that. tell us a little bit about the difficulty of really getting to the bottom of some of these reporters, what was really going on with the fdic and sheila bair. they didn't just respond to your freedom of information request. >> now, they didn't. well, a lot of the work that we did in public

i'm n paulson. back next week with another conversation about the first amendment, the arts, and american culture. i hope you can join us then for speaking freely. captioning provided by the freedom forum first amendment center captioning by captionmax www.captionmax.com >> there are kids and families ever were. it is really an extraordinary playground. it has got a little something for everyone. it is aesthetically billion. it is completely accessible. you can see how excited people are for this playground. it is very special. >> on opening day in the brand- new helen diller playground at north park, children can be seen swinging, gliding, swinging, exploring, digging, hanging, jumping, and even making drumming sounds. this major renovation was possible with the generous donation of more than $1.5 million from the mercer fund in honor of san francisco bay area philanthropist helen diller. together with the clean and safe neighborhood parks fund and the city's general fund. >> 4. 3. 2. 1. [applause]

i'm ken paulson. back next week with another conversation about the first amendment, the arts, and american culture. i hope you can join us then for speaking freely. captioning provided by the freedom forum first amendment center captioning by captionmax www.captionmax.com >> there are kids and families ever were. it is really an extraordinary playground. it has got a little something for everyone. it is aesthetically billion. it is completely accessible. you can see how excited people are for this playground. it is very special. >> on opening day in the brand- new helen diller playground at north park, children can be seen swinging, gliding, swinging, exploring, digging, hanging, jumping, and even making drumming sounds. this major renovation was possible with the generous donation of more than $1.5 million from the mercer fund in honor of san francisco bay area philanthropist helen diller. together with the clean and safe neighborhood parks fund and the city's general fund. >> 4. 3. 2. 1. [applause]

i'm ken paulson, executive director of the first amendment center. holly hughes is a widely respected performance artist who is known both for her thoughtful work and as a member of the n.e.a. four. her fight for free expression took her all the way to the u.s. supreme court. she's here today to share her thoughts about that battle and about free expression in america. welcome, holly. thank you, ken. now, a membership in the n.e.a. four-- that's not exactly like joining the kiwanis club. no, it's not. it was kind of an honor-- dishonor sort of imposed on us by the national council of the arts when they took away our funding that had been recommended. it sort of sounds like a bad band, you know, that-- or we were later referred to as karen finley and the three homosexuals, which sounds like a really bad band. i've seen them play. [laughs] and yet this has been a battle. your status as a member of the n.e.a. four has been a decade long, really. yes, it all started in 1990, when the four of us were recommended for funding by peer panels in the n.e.a. an

paulson moved more aggress e greszively into gold and the gold related issues. you're pieing paulson, not buying, if you're an investor were very into gold. >> yes, he increased by about 4 million shares. he increased in novagold, which has been a treadful, dreadful position. if you take a look at the performance of the gold fund specifically, you would have been way better off putting money into the gld. the gld is up 2%. >> the life cycle of hedge funds is an interesting thing to watch. as i watched him get it so right, and then in the following years, 21 billion is mostly his money. he lost a lot in the market and he probably lost more overall than he has made. we saw the same thing overtime whether it be a julian robinson and all of those funds, but when he got his biggest, he lost the most. there is only one investor from the people i have spoken to that ran the numbers that stays stronger, it is simons and srgs oros. >> and paulson dissolved his position completely in about a dozen stocks, which seemed unusual. >> i don't know about redemptions at this poi

he gets and posts them on the phone and hank paulson tells them essentially that there is no help coming because he should've sold to jpmorgan chase and that is when it becomes obvious that wamu has no friends in washington and that is a dire circumstance as you enter september 2008. >> and there's a whispering campaign in new york against washington. >> exactly because jpmorgan did not get the bank in the spring of 2008. jpmorgan is not a bank that likes to lose. they were not happy to have not one wamu in the spring. and said they were off on the sidelines biding their time essentially until they could return and have another opportunity. and so you could bet they are taken that opportunity to meet with regulators, talk with regulators and often about wamu. >> now we were both on the story for different publications, covering at the same time. i am a columnist can make you a reporter. but this book is made up of so much more than that. tell us a little bit about the difficulty of really getting to the bottom of some of these reports, what was really going on with the fdic. they didn't

now bank of america says it has no plans to ends its relationship with john paulson or withdraw from its funds. you recall last week, david, citi pulled 410 out of paulson's advantage plus fund which ended down, what was it over 50%, 2011. and the advantage fund is down roughly 36% this year. so having some trouble with the funds but again bank of america has no plans it says to end the relationship with them or the withdraw money. david: adam shapiro thank you very much. tracy. tracy: apple taking a one billion dollar bite out of samsung as a jury rules against the core reason company in korean dispute. one says apple may have a secret motive in choosing the opponent. malware is on the rise and new more creative threats are hitting computer users. how can you protect yourselves from these threats? the president of mcafee joins us in a fox business exclusive. that is all next. ♪ . . . . . . . >> i'm adam shapiro with your fox business brief. general motors has banned both president obama and mitt romney from all of its factories at least until after the election. the u.s. treasury

well the original decision was made by by then secretary hank paulson who made the announcement and you know from his his view was that it would was not a particularly well crafted plan to buy these and he was running out of time and the banks were bad he explained to us us later the banks were all about to fail they thought that morgan stanley was going to go that morgan that goldman sachs was going to drop soon after that and they explained that they didn't think that they had time to do that original program so they moved to this this capital injection you know buy up the stock of the banks. ultimately the decision not to move forward on the housing program that gets a little murkier nothing was introduced in the waning days of the bush administration. they explained to me at the time and i think it's later confirmed by barney frank that that essentially they were asked by the obama administration to hold off on doing something so the obama people could put together an advance their own plan that eventually that happened in two thousand and nine the ministration announce a plan to he

well the original decision was made by by then secretary hank paulson who made the announcement and you know from his his view was that it would was not a particularly well crafted plan to buy these and he was running out of time and the banks were about as explained to us as later the banks were all about to fail they thought that morgan stanley was going to go that morgan that goldman sachs was going to drop soon after that and they explain that they didn't think that they had time to do that original program so they moved to this this capital injection you know buy up the stock of the banks. ultimately the decision not to move forward on the housing program that gets a little murkier nothing was introduced in the waning days of the bush administration. they explained to me at the time and i think it's later confirmed by barney frank that that essentially they were asked by the obama administration to hold off on doing something so the obama people could put together an advance their own plan that eventually that happened in two thousand and nine the ministration announce a plan to he

in the bulky prey secretary paulson in the bush administration for helping to bail out the banks, that money and the like, but then you are highly critical of secretary tim geithner for continuing what looks to me like the same policies. >> at the time secretary paulson and president bush said to look, we are in real distress, and we can have a financial calamity. it was essential to do something to provide confidence to the people around the world that america was not going to have all of its banks to wonder. and i think there was a very real risk that we would have a cascade of bank failures, first the big ones and then throughout the country, and we could ultimately have virtually every bank in the nation go out of business and peoples savings gone, the dollar worthless. i mean, we could have had a true financial system calamity. and they kept that from happening, but it was not implemented terribly well, and i don't mean to say that secretary paulson did it perfectly and secretary geithner did it entirely terribly. am sure they both made some mistakes and boasted things well. but u

he gets hank paulson on the found and hank paulson tells him essentially the there is no help coming because he should've sold to jpmorgan chase. and that is when it becomes obvious that wamu has no friends in washington and that is a dire circumstance to be and as you enter september 2008. >> and there's a campaign in new york against washington. >> yeah, exactly because jpmorgan did not get the bank in the spring. they are not a bank that likes to lose. they were not happy to have not one wamu in the spring. they were off on the sidelines fighting the time essentially and so they could return and have another opportunity. and so, you can bet they were taken that opportunity to meet with regulators, talks to regulators and often about wamu. >> now we were both on the story for different publications. covered at the same time. i am a columnist, you're a reporter. but this book is made up of so much more than not. tell us a little bit about the difficulty of really getting to the bottom of some of these reports, what was really going on with the fdic issue. they didn't just respond to

paulson, mr. greenspan, the late secretary, rubinstein. these people have manipulated the economy of the united states for hundreds of years. ms. hopkins was saying, these banks would repay these loans at a 6% rate. if the american public was allowed to repay their credit card with a 9% rate, this country would have the stimulus they need right now to help things grow. i wasn't the plateau that we are supposed to get to -- we are a consuming nation? this is all the fanfare that we got before this crisis hit. this was manipulated. nobody mentions anything about the derivatives that the big banks have bought for the european fail-safe program. how come nobody has addressed that? why are the big bank holding all those derivatives from europe? if europe fails, the american public picks it up in their tax program. guest: he carries on the team to were the big banks. on the rate of t.a.r.p., it is very low. banks are only paying 5%, on the idea from paulson, with fewer banksctions, getting banks tmoe to participate. he also mentioned europe. tre

well the original decision was made by by then secretary hank paulson who made the announcement and you know from his his view was that it would was not a particularly well crafted plan to buy these and he was running out of time and the banks were about as he explained to us us later the banks were all about to fail they thought that morgan stanley was going to go that morgan that goldman sachs was going to drop soon after that and they explain that they didn't think that they had time to do that original program so they moved to this this capital injection you know buy up the stock of the banks. ultimately the decision not to move forward on the housing program that gets a little murkier nothing was introduced in the waning days of the bush administration. they explained to me at the time and i think it's later confirmed by barney frank that that essentially they were asked by the obama administration to hold off on doing something so the obama people could put together an advance their own plan that eventually that happened in two thousand and nine the ministration announce a plan to

b of a, that conference call yesterday between investors and paulson. saying yes my performance has been lackluster. down 35% last year. down 13% this year. a little chattery about whether paulson is a manager who got very lucky once and has been unable to recreate that matchup. >> and how often have we seen this? this goes back to hedge funds with investing in general. you can be right or lucky. but to think you generate alpha, if i can use that term, is incredibly hard. it's those that come after the big moment who are most at risk. >> then hopping on the bank theme, the journal looks at banks saying be cautious. it looks like we're in a low rate environment for a good amount of time here. and the benefit of the loan loss reserves is going to diminish over time. >> of course. as we've seen a little bit more lending strength, the smaller regional players. probably more acquisitions as people look to beef up profitability given the head winds they face. >> got a couple earnings tonight. pandora and tivo. we'll see how those perform during the session to

let's go to meteorologist save paulson and take a look at the temperatures. >> huge difference out there. inland, didn't take long to start warming up. i've been up in the sierra nevada but 90 in fairfield, 83 santa rosa, 82 concord. the city is 62 degrees because, right there, look at all that fog. i mean out to sacramento, 90, sfo at 65. there is just about a 40-degree spread between these temperatures. if you are anywhere near the coast, around the bay, not bad. 60s and 70s. a lot of fog. it was very, very thick. inland temps, 90 to near 91 degrees. how much longer will the inland temperatates last? we'll have more on that coming up in about 10 minutes, torry. >> thank you, steve. >>> chevron's special hotline to file claims to seek compensation because of the refinery fire has been very busy. more than 1700 people have sought medical treatment at contra costa county hospital. chevron says it will pay legitimate medical and property expenses for affected residents. chevron's hotline to file claims is 866-260-7881. chevrolet chevron says it also plans to set up a center to answer quest

we have jim paulson and gene. thank you for joining us, gene, let me kick this off with you, how are you investing in this market? >> we're positive, so i would say we're looking at more risk oriented opportunities. consumer digressionary, looking at building up our positions, agriculture and other materials. even some of the metals are attractive. the railroad stocks are showing strength. i think that bodes well for the economy and the market going forward. >> rick santelli, it was an economic light week. what are the next catalyst in terms of moving things forward. >> i think the month of august becomes a fundamental. i think when the european vacations of august are over there will be a sense of a different reality that might company some of those euro accurates when they come back into the office. i respect both of our guests and i understand they can be bullish stocks, but i would like to know if there is equally bullish in the economy. when you have priceline, orbitz, there is a fundamental -- i don't want t

steve paulson is first. i guess huge temperature swing. >> 45-50-degree spread between coast and inland locations. inland it will be crazy hot. by the coast it's really cool with 50s and 60s. big fog bank out there. for some it doesn't matter whatsoever. temperatures around 100-105. here is sal. >>> steve, good morning. right now westbound interstate 80 looks pretty good heading out to the mccarthur maze with no major issues. and the traffic at the bay bridge is light. 5:00 let's go back to dave and pam. >>> we have developing news coming to you out of lake county where two wild fires have burned thousands of acres. the larger of the two is the wye fire. this is burning near the intersections of highway 20 and 53. cal fires latest update say this fire has burned more than 3,000 acres. so far no one building has been destroyed. about 400 people from the nearby town of spring valley they have been evacuated. the fire is 0% contained at this moment. cal fire says its resources are being stretched very thin. >>

let's check in with steve paulson for the weather. we were all talking about how if you are inland a bit, you head into the

steve paulson is back. >> thank you. >> welcome. nice to see you. >> good to be seen. we have that fog making the annual push back in. it looks like inland temps we'll see a little bit of warmup today. back into the 80s for some. 60s and 70s coast and bay. here is sal. >>> steve, good morning. traffic on highway 4 looks pretty good coming up to the area there. no major problems coming up to concord. also 680 traffic nearby looks good. 280 in san jose that is off to a good start. >>> we begin with alarming allegations this morning surrounding safety at san francisco international airport. ktvu channel 2 reporter tara moriarty joins us from the airport to explain how some high risk bags could have made their way on to several flights. tara. >> reporter: between 204 of them disappear on their way from the baggage screening to baggage inspection on most days f is according to an investigation done by the san francisco examiner over the course of the year. they talked to some whistle blowers. six screeners for aviation security allege that hundreds of bags identified by x-r

as any friend just said paulson can you imagine a foot of rain here? no, i can't. that is a lot of rain in one location. this is a very slow moving system. it will start to weaken considerably now. once it moves inland it loses its energy source. they do need the rain. there is severe drought. it's a good news, bad news. good new there is is rain. bad news it's falling in a short amount of time. back home a couple tropical clouds. sneaking up to southern california. they may clip the south bay or east bay. coast 60s and 70s. a lot more fog. so far it seems to be moving south. for us high pressure still wins out inland. and a big cool down starts tomorrow. couple upper 40s. 43 and 44 some areas around napa in the upper 40s as well. a little cool for some. mainly 50s though. not much of a sea breeze. west, southwest 10 at travis. so still no rip roaring sea breeze yet tomorrow. so some patchy clouds. a little cooler by the coast. inland might be a late breeze. i think we hit upper 80s and low 90s for some that are far away from any fog. 80s between. novato 88. oaklan

paulson was a brilliant man who could see the financial system racing into a prestigious unlike other hedge fund managers who sounded the alarm and were pilloried as a result. paul some place his bets and kept silent cashing in his chips when the system nearly collapsed. talking with paulson i came away with the impression he devoted his life to one goal, the acquisition of an ever larger sum of money. the goldman sachs deal was the culmination of a single-minded quest. what made these accomplishments so selfish, so seemingly a moral, lacking in public spiritedness, first before a book, these two men and many others personified a philosophy whether it was implicit is not important. what matters is this underlying unspoken philosophy is reflected in the belief, promulgated by greenspan at the fed that the markets were supreme. it was an attitude toward life that pervaded the financial system and was accepted over considerable enthusiasm to regulators and congress and all administration a sizable portion of the media. at hodgepodge of belief called market supremacy brought home to me by

paulson. >> i'm originally from the sunset. ♪ your shining star ♪ no matter who you are ♪ shining bright tuzee ♪ ♪ when you can truly be ♪ shining bright to see ♪ ♪ war your district can truly be ♪ ♪ ♪ your shining star ♪ ♪ no matter who you are ♪ shining bright to see ♪ when your district can truly district ♪ shining bright for you to see ♪ ♪ would your district can truly be. -- what your district can truly be ♪ ♪ won't you give it to the sense that, please ♪ ♪ >> thank you. next speaker. >> the afternoon, supervisors. there are three major points. the caravel section should not be included, but done separately. i would urge you not to send it forward to the full board. but do it right and do it now. the second is the issue that i have as a former staffer working on the neighborhood commercial districts. the forms that you have and there's a you do not have to look at all the controls and have all of that explained. . the third issue is the height increases of 5 ft.. it seems to be in general a very good idea because it allows more space for the tec

paulson makes his third reception, brought down by williams, a six yard pick up and a first down. >> joe: chris summers running with the ball, there are people coming from all over. you get these young guys running in the secondary. we saw robert griffin the third try to scramble with the ball away from his body. we saw different players get the ball away from their body, and you to protect the ball in the middle of the field. >> kevin: this goes off to tristan davis, and he hops his way up to the 39. cousins has collected on his last nine passes. >> joe: i like the way he throws the football. to me, alfred morris, watching him in practice, watching kirk cousins cork in practice are two guys i have seen grown and develop as this off season has gone on. >> kevin: sec down and two, two timeouts remaining for the skins. cousins, a nice catch on the sideline by robinson. oh has he had a game, a great second half, that is a first down, a ten-yard pick up, and a first and ten. >> joe: and the anticipation he has, he throws this before robinson comes out of his break. the ball is in the air

liz: george soros and john paulson, two billionaires, have just released their 13f filings, and they've been pouring a ton of money into the spider etf, the gold etf, the exchange-traded fund. tell me why your stock, fand, is a better deal at $10 a share than buying into the spieder? if those guys are the smart money, why shouldn't i be doing what they're doing instead of putting it into their stock? >> if you want to take a long-term bet on gold, spider is a good thing to do, but if gold doesn't go up, you don't make money. if there's expiration upside at the mine, gold doesn't need to go up a lot to make a lot of money. liz: what was your first job? you're only33. >> my first job was a life guard, but in business, doing mergers and acquisitions, and when i was 26, i was cfo of a multibillion dollar company. liz: nolan watson at sandstorm gold, ceo and president. good luck, thanks very much. >>> closing bell ringing in 17 minutes, we're bringing back jason pride, he's got some stock picks including one company he calls the poster child for big dividends, so stay tuned. ♪ ♪ you see

so kerry killinger, very panicked about this run called hank paulson, ben press secretary knew there was going to be negative media report and was scared it would cause people to pull their money out. he gets hank paulson on the phone and tells him essentially there is no help coming because he said it sold to jpmorgan chase and that is when it becomes obvious that wamu has no friends in washington and that is a dire circumstance to be and as you enter september 2008. >> and there's a whispering campaign in new york against washington. >> exactly because jpmorgan did not get the bank in the spring. jpmorgan is not a bank. they were not happy to have not one wamu in the spring, so they were off on the sidelines writing the time until they could return and have another opportunity. so you can bet they were taken that opportunity to meet with regulators, top with regulators and often about wamu. >> now we were both on the story for different publications, covering at the same time. i'm a columnist come to you are a reporter. but this book is made up of so much more than that. tell us a

hank paulson. timothy gheitner in. you know, you go through the list it is really remarkable. one of the problems is they're used when they speak as former ceos, people actually listen. in the case of timothy geithner, people are suddenly referring to him as little timmy. when they are talking about hank paulson, you know, they're dismissing him on one level or the other. even his former colleagues and pierce because he is representing an administration in had case, george w. bush they were at odds with. ashley: right. >> now they found a new administration to be at odds with and even greater fever and intensity. lori: interesting stuff as always. >> good to be with you. ashley: little timmy. good to see you, lou. of course you can catch lou dobbs at 7:00 p.m. and 10:00 p.m. eastern every night on fox business network. catch the former governor of new hampshire and senior romney advisor john sununu. i love saying that name, john sununu. >> one of the the smartest guys. ashley: yeah, he is. >> i hope you will both either be with us or perhaps watching intently. lori: you got it

logan paulson rounding out the core and he won't play, which means mike shanahan means he is the starting runningback. >>> one day after it appeared he had won the battle against neil. instead, the skins signed billy who was just cut by baltimore on sunday. >>> and one week after clinton portis retires, another runningback says he is done. brian westbrook announced he is retiring as a philadelphia eagle after nine years in the nfl. >> all right, after a much needed day off, the nationals take the field tonight in miami for a two-game series. returned to the lineup after injuries and the rigy has a chance to stop the bleeding stephen strasburg takes the mound. right now, they have a five- game lead over atlanta. >> high school football is here, which means the return of our toyota game of the week poll. here's some of your choices, like centerville. robinson at stone bridge. go to u.s.a.todayhighschoolsports.com we'll announce the winner thursday night. and venus williams breezes through the first round of the u.s. open. 6-3, 6-1. and lasted 62 minutes. also, andy rodack advances. >> derek

we have team coverage and our meteorologist, steve paulson, is tracking the path of isaac. we'll also take to you mississippi where the gulf waters are rising. >>> the coast is finally clear after a fire at a nursery that was particularly challenging to fight. it started just before hid night at the summer winds nursery. firefighters say when they arrived, they noticed more smoke than usual and strange color and flames lorraine blanco has more. >> reporter: good morning. the city crew is set to come back out here in just a little bit to pump the water you see out there in the parking lot, out of here, take it out of the parking lot and dispose of it safety. firefighters say the water was tested. it is okay. but had is an exextra precaution -- but this is an extra precaution. firefighters arrived to find the building fully engulfed. it quickly grew to three alarms. there are a lot of pesticides, insecticides and fertilizers on site. at one point, the firefighters turned off the hoses. the area manager said they plan to take care of their 20 something employees and reopening

she was paulson's right hand during the 2008 financial crisis. michelle davis served at fannie mae as their vice president for regulatory policy during a time in which fannie mae was found to have doctored its earnings statements to juice executive bonuses. so the crisis team he has brought in to manage the crisis might actually need a crisis team. >> you would have to wonder whether or not they have enough sort of ability to sort of own themselves or step outside of their own personal histories that they could look at this with the objectivity you would need out of a crisis team. >> peter: it seems like this highlights -- people talk about mitt romney being out of touch. this highlights it. someone probably told him hey you have a problem with bain so he says okay, i'll bring this person in. not realizing this person has a problem of their own. >> these are the people you know. so you turn to the people you know. they were part of the original original -- i guess you give her points for knowing the problem. i guess you can say that. but it is so

he has -- that has been his -- not a good position for paulson. i mean, you know, future -- after that great year with -- during the financial crisis it's been tough a couple years. gold was not one. >> gold did not work. >> do you feel like we're in the dog days -- i feel like we're in the dog days of august. >> you think we hit that? did you see the market yesterday? >> you don't tell the viewers we're in the dog days of anything. >> the viewers that are still here are die hards. >> because of -- the rest are on vacation? >> they're in the persistent -- >> there's nothing. if there's -- there's no one in europe. actually, it's weird because people just move around in europe. there's no one in europe working. the people that live in portugal have gone somewhere else -- >> they have a lot of time to watch tv. >> they're watching ross westgate and kelly evans. >> we're broadcast there. >> we do. i like to think we do watch. >> when you were am paris and europe, accosted constantly. >> constantly. they thought i was gary busse, bud y holly. among ot

financial crisis of two thousand and eight it was the horror george bush's policies to get anyone with the paulson to hold it into a thirty year mortgage but it was also this the federal reserve policy of essentially giving up free money to banks when it comes to low interest rates and also bailouts and things like these problems or more structural in their deeper than just having a different face in the oval office and if you really think about it presidents get interchanged they they come and they go but these bankers. his department is under fire from civil rights groups who say they broke federal guidelines on information gathering for over six years informants in the big apple spied on muslim americans watching them pray work and talk on the phone and. reports all that came to nothing in a post nine eleven world it's no secret that the u.s. has exponentially expanded its surveillance practices in the name of national security however recent revelations indicate that local and federal officials have wasted many years and enormous amount of tax dollars and feast no consequences over targeting m

syria's rebels plan a point one can keep paulson the country's second city of aleppo with eight million dollars worth of support set to come from free to downsize the one true box the observer mission in syria with a veteran algerian diplomat touted to replace coffee are not a thing we do on an arab league envoy. hillary clinton's visit to turkey sparks clashes in istanbul with leigh's firing tear gas at a crowd of protesters the u.s. secretary of state has once again pledged more support for the syrian opposition as washington moves to plan c. rist future without president assad. ambiguous says it's only going to tell ranchos there's no nuclear weapon in the works yet it's amazing paper reports that an israeli strike on iran could come before the two us presidential election unleashed a possible rift between the two sides. up next the cheap fuel which comes at a high price for the americans whose homes sit about a gas gold mine. forty acres and nineteen ninety three and the side it would be a great place to find my build a home and retire. i am fifteen aeration my great great grandfath

the backwash from that effort has forced mitt romney and paulson into a debate over social issues they mostly agree about instead of about the economy. even the weather seemed to be conspiring against the g.o.p. as tropical storm isaac threatened to become a hurricane that could knock the convention all schedule. are republicans scrambling this week, dan? >> the convention next week will be a completely scripted event and this week has been completely unscripted and it has caused problems for the romney campaign, problems for the republican apart as a whole and it is obviously not the way they hoped to do the run-up to tampa. most of us had not heard of todd akin, congressman from missouri, until last week and you in he's probably the most famous member of the apart. how did he become such a story? >> his name will be synonymous with many things, the first is making -- not only inappropriate but nobody could understand what he was thinking about kind of comments, saying if there's a legitimate rape, whatever that term means, that women have this ability to shut their system down and no

financial crisis in two thousand and eight it was a horror george bush's policies to get anyone with the paulson to hold it into a thirty year mortgage but it was also this the federal reserve policy of essentially giving up free money to banks when it comes to low interest rates and also bailouts and things like that these problems or or more structural and there are deeper than just having a different face in the oval office and if you really think about it presidents get in or change they they come and they go but these bankers seem to me. now the new york police department is under fire from civil rights groups who say they broke that or old guy and lines on information gathering for over six years informants in the big apple spied on muslim americans watching them pray work and talk on the phone and as i tease marina and i reports all that peeping came to nothing. in a post nine eleven world it's no secret that the u.s. has exponentially expanded its surveillance practices in the name of national security however recent revelations indicate that local and federal officials have wasted many